Virginia’s life insurance laws are governed by Title 38.2 of the Virginia Code.
- 10-day free look period (VA Code Ann. 38.2-3300)
- 31-day grace period (VA 38.2-3303)
- Interest accrues on claims beginning from the date of death (VA 38.2-3315)
- Guarantees up to $300,000 for lost death benefits and $100,000 for lost cash surrender value or withdrawal (source)
Keep in mind that life insurance laws are very similar from state to state (for example, Washington’s life insurance laws and West Virginia’s life insurance laws are nearly identical to those of Virginia).
How Much Is A $10,000 Whole Life Policy In Virginia?
The table below shows the rates by age of $10,000 of whole life insurance in Virginia.
| Age | Male | Male (Smoker) | Female | Female (Smoker) |
|---|---|---|---|---|
| 20 | $15.35 | $16.73 | $14.14 | $15.72 |
| 25 | $16.37 | $18.60 | $15.26 | $17.82 |
| 30 | $16.88 | $19.84 | $16.72 | $18.91 |
| 35 | $18.56 | $22.46 | $17.33 | $21.31 |
| 40 | $21.13 | $25.49 | $20.05 | $23.70 |
| 45 | $23.80 | $29.21 | $23.04 | $27.24 |
| 50 | $27.86 | $33.30 | $24.83 | $31.62 |
| 55 | $32.69 | $40.07 | $28.15 | $36.74 |
| 60 | $39.34 | $47.13 | $33.55 | $42.28 |
| 65 | $48.38 | $58.47 | $41.68 | $51.01 |
| 70 | $60.05 | $71.31 | $52.55 | $60.64 |
| 75 | $97.81 | $133.18 | $71.68 | $94.65 |
| 80 | $134.41 | $182.50 | $98.44 | $135.82 |
| 85 | $188.13 | $257.75 | $132.08 | $193.03 |
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Best Life Assurance In Richmond
Richmond, the vibrant capital city of Virginia, boasts a rich tapestry of American history and modern-day culture. Nestled on the banks of the James River, this picturesque city offers a unique blend of historical landmarks, including the Virginia State Capitol and the American Civil War Museum, alongside thriving arts, food, and entertainment scenes. Visitors and residents enjoy its scenic riverfront, diverse neighborhoods, and an impressive array of festivals and events that celebrate Richmond’s heritage and contemporary vitality. Whether you’re exploring its historic trails or indulging in the culinary delights of its acclaimed restaurants, Richmond provides an unforgettable experience that beautifully melds the past with the present.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Marquis Roberts, Bankers Life Agent | 10800 Midlothian Turnpike Ste 134 & 140 | +18048973256 |
| America Life Insurance Co | 6800 Paragon Pl | +18046031362 |
| VA Insurance Agency | 4400 W Broad St | +18044598659 |
| Protective Life Insurance Co | 6802 Paragon Pl | +18044497574 |
| Family Life Insurance | 7400 Beaufont Springs Dr Suite 300 | +18042181955 |
| RSC Consultant | 3818 Chamberlayne Ave Suite 6 | +18044893167 |
| Insurance & Investment Agents of VA, LLC | 4840 Waller Rd | +18044223190 |
| Capitol Square Insurance | 105 E Cary St | +15714040816 |
| Carol Yee, Bankers Life Agent | 10800 Midlothian Tpke Ste 134 & 140 | +18048973256 |
Best Coverage In Chesapeake
Chesapeake, nestled in the heart of Coastal Virginia, offers a unique blend of urban and rural settings, making it an attractive destination for both residents and visitors. This sprawling city is characterized by its vast stretches of lush forests, wetlands, and farmlands, alongside bustling shopping centers, delicious dining options, and rich historical sites. As one of Virginia’s largest cities, Chesapeake serves as a gateway to the Outer Banks and the Chesapeake Bay, offering endless outdoor recreation opportunities from boating and fishing to hiking and bird watching. With its family-friendly communities, top-rated schools, and diverse cultural attractions, Chesapeake is a vibrant city that celebrates its natural beauty and southern charm.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Fred E. Pettus III, Benefits Coordinator | 1200 Dragon Ln | +17573340946 |
| Anchor Insurance Group | 870 Greenbrier Cir Ste 102 | +17577697268 |
| Janette Stith, Bankers Life Agent | 860 Greenbrier Cir Ste 620 | +17575495600 |
| Jennifer Livingston, Bankers Life Agent | 609 Independence Pkwy # 105 | +17575495600 |
| Excellent Insurance Inc | 600 Independence Pkwy | +14343814331 |
| Anthony Newvall, Bankers Life Agent | 860 Greenbrier Cir Ste 620 | +17575495600 |
| Lawrence Connor, Bankers Life Agent | 609 Independence Pkwy # 105 | +17575495600 |
| Ashley Parris, Bankers Life Agent | 860 Greenbrier Cir Ste 620 | +17575495600 |
You Won't Find A Lower Rate
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Best Policies In Newport News
Newport News, nestled along the banks of the James River in southeastern Virginia, is a city rich in history and modern charm. It boasts a unique blend of historical sites, such as the Mariners’ Museum and Park, with over 60,000 square feet of gallery space and a vast outdoor park, alongside cutting-edge technological centers like the Jefferson Lab, a national nuclear physics research laboratory. Newport News is also home to a vibrant shipbuilding industry, with the Huntington Ingalls Industries Newport News Shipbuilding serving as a cornerstone of both the local and national economy. The city offers lush parks, like the Newport News Park, providing ample outdoor recreation opportunities. With its blend of cultural heritage, industrial prowess, and natural beauty, Newport News is a dynamic community that captivates visitors and residents alike.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Dwayne E. Norris / Life Insurance Broker | 733 Thimble Shoals Blvd UNIT 212 | +17577150943 |
| Virginia Insurance Agency | 14864 Warwick Blvd | +17032198337 |
| Insurance Policy Co | Huffman Building, 12284 Warwick Blvd | +17579827734 |
| Team Pack Life | 700 Dorothy’s Dr | +17575291750 |
| VA Insurance Service | Newport News Ln | +15404180483 |
| New York Life Insurance Company: Roney W Lewis | 751 Thimble Shoals Blvd STE I | +17578738831 |
| Martha Goodwin – Aflac Insurance Agent | 505 Coral Key Pl #2a | +14346372966 |
| Terry Bimler – Aflac Insurance Agent | 135 Parker Ave | +17575084107 |
| Diligence Insurance Agency: Allstate Insurance | 12001 Jefferson Ave | +17576438080 |
Best Life Cover In Norfolk
Norfolk, a vibrant waterfront city located in the southeastern part of Virginia, harmonizes its rich historical heritage with modern innovation and culture. Known as the heart of the Naval defense with the world’s largest naval base, Naval Station Norfolk, this city offers a compelling blend of maritime history and nautical adventures. Along its scenic harbor front, the Nauticus museum and the Battleship Wisconsin exhibit engage locals and visitors alike with interactive naval exhibits and awe-inspiring naval architecture. Beyond the waterfront, the city’s cultural scene thrives with the Virginia Opera, the Virginia Symphony Orchestra, and the Chrysler Museum of Art offering a rich palette of artistic and musical delights. Norfolk’s charming neighborhoods, bustling culinary scene, and year-round festivals contribute to its lively atmosphere, making it an intriguing destination for travelers and a beloved home for residents.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Senior Benefits Center LLC | 9625 Granby St Play Room | +17574013991 |
| Life Insurance Agent, Russell Carter | 999 Waterside Dr Ste 1500 | +17575813260 |
| Brown & Brown Insurance Agency Of VA Inc. | 500 E Main St Ste 600 | +18046271000 |
| Nusbaum Insurance Agency, Melissa Pierce Licensed Agent | 500 W 21st St | +12523392430 |
| First Genesis of Va | 500 E Main St #830 | +17576276603 |
| We Insure Things | 400 Granby St | +17573171015 |
| Lewis Insurance Agency | 330 W 22nd St Suite 103 | +17576907418 |
| Michael Shawn Milliken, Financial Professional – New York Life | 999 Waterside Dr Ste 1500 | +17576281811 |
Best Life Insurance In Virginia Beach
Virginia Beach, nestled along the southeastern coast of Virginia, captivates visitors and residents alike with its sprawling sandy beaches and the tranquil waters of the Atlantic Ocean. It is renowned for its vibrant boardwalk, stretching for miles along the oceanfront, offering a plethora of dining, entertainment, and shopping opportunities. The city is not only a summertime paradise for beachgoers but also a community rich in history, with landmarks like the Cape Henry Lighthouse standing tall since 1792. Beyond its picturesque coastline, Virginia Beach boasts an array of outdoor activities, from hiking in First Landing State Park to exploring the Back Bay National Wildlife Refuge. With a harmonious blend of natural beauty, historical depth, and contemporary allure, Virginia Beach presents an inviting destination for adventurers, families, and anyone looking to immerse in coastal charm.
| Life Insurance Agency | Address | Phone |
|---|---|---|
| Jacqueline C Coston: Primerica – Financial Services | 708 S Rosemont Rd UNIT 201 | +17579622800 |
| Janowski Insurance Services | 1901 English Oak Ct | +15182584226 |
| Jarrell Pepper, Integrity Insurance Services | 4663 Haygood Rd #211 | +17577080650 |
| Farmers Insurance – Iris Nance | 6052 Providence Rd STE 104 | +17575784737 |
| Farmers Insurance – Ruby Putnam | 5224 Indian River Rd Ste 1078 | +17574955600 |
| Virginia Beach Insurance VA | 277 Bendix Rd | +18044598453 |
| Secure Life Insurance | 1206 Laskin Rd #200 | +18042080683 |
| Quick Sr22 Insurance | 200 Golden Oak Ct Suite 241 | +12762228577 |
| Edge Insurance Agency | 397 Little Neck Rd | +17572609866 |
| Truist Insurance Services | 3334 Virginia Beach Blvd | +17579827729 |
| Virginia Health Advisors | 2065 Susan Lee Ln | +17572148620 |
| Authority Insurance Agency | 977 Reon Dr | +17579827691 |
| Cheeks Insurance Agency | 4968 Euclid Rd ste e | +17573091850 |
| PointAbove Insurance Group | 1055 Laskin Rd Ste 301 | +17572699995 |
You Won't Find A Lower Rate
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Top Life Insurance Companies In Virginia
For the residents of the great state of Virginia, we at GetSure recommend three carriers: Transamerica, Aetna, and Mutual of Omaha.
Transamerica
“Immediate Solution” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 0 – 85 |
| Coverage | $1,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Very low prices
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Underwriting has become stricter (e.g., no insulin)
- Coverage limited to $25,000 for older applicants
Mutual of Omaha
“Living Promise” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except NY |
| Ages | 45 – 85 |
| Coverage | $2,000 – $50,000 |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Excellent customer service
- No medical exam
- Flat, never-increasing premiums
- No waiting period
- Moderately strict underwriting
Aetna
“Protection Series” Whole Life Insurance
| Policy Type | Whole Life |
|---|---|
| States | All except AK, CA, DC, HI, MA, ME, MN, NY, ND, SD, WA |
| Ages | 45 – 89 |
| Coverage | $2,000 – $50,000 (varies by age) |
| Duration | Lifelong |
| Waiting Period | No |
| Rate Lock | Yes |
- Lenient underwriting
- Shortest application, industry-wide
- Automated underwriting (approval potentially in minutes)
- No medical exam
- Flat, never-increasing premiums
- N/A
